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5 Sectors That Benefited Most From Server Hosting Services

Lst updated on
June 8, 2020

Server hosting services have become core components in how modern businesses operate. Every enterprise needs a reliable server hosting services partner to build a strong online presence, thrive, and flourish. Whether it is a  77, enterprises need this desperately. 

Businesses require server hosting to provide customer-facing websites to their existing and potential customers. A number of forward-facing business operations--including sales and marketing, customer service, entertainment, and communications--depend heavily on the efficiency of the server hosting.

Moreover, businesses rely on hosting services to power their internal processes and workflows. The vast majority of enterprise organizations have shifted to the cloud. Communication now happens through online applications hosted on the web.

Collaboration by teams distributed across the globe are now possible via cloud-based project management platforms. Real-time tracking of assets, employees, and tasks is not just an option, but they are now imperative.

Hence, reliable server hosting is a cornerstone of any enterprise aiming for success in the modern world. These industries are benefiting greatly from various types of hosting and further validating the point of why every other business should do it.

in this blog, let's check the sectors which benefited from server hosting services the most

1. Telecommunications

The telecommunications industry delivers a variety of services over the web, including voice and video communications, cable TV, and the Internet all over the world.

It is the primary provider of communication services to every organization, house, and individual all over the world.

As more and more people and businesses shift from traditional telecom products (wired telephones and cable services) to the digital telecom and IT packages (both wireless and cloud-based), they need advanced server hosting solutions. Plus, more telecommunication companies are expected to pursue digital transformation or consider it at the very least.

A 2019 study by the International Data Corporation (IDC) pinpointed the IT and telecommunications industry to be at the forefront of digital transformation-related spending.

According to the report, enterprises have spent approximately $1.2 trillion last year on digital transformation projects with IT services ($154 billion) and connectivity services ($102 billion) at the helm.

As telecommunication companies increase their investments to improve IT and connectivity infrastructure, they also have to partner with the best hosting service providers, specifically those that are capable of powering and realizing their digital transformation initiatives.

2. Banking and Financial Services

An increasing number of consumers are becoming more fond of online banking and other financial services conducted through mobile devices and other digital channels.

Provident Bank found via its Digital Banking Consumer Preferences Survey that 66% of consumers are satisfied with their banks' digital banking services, and only 20% still prefer to perform transactions within an actual bank.

The same survey said that the daily mobile banking app usage has increased in the United States with young adults (between 18-24 years) as the leading demographic at 62%. Completing the top three are those aged from 25 to 34 (49%) and from 35 to 44 (45%).

This increasing reliance on banking consumers on online banking and mobile banking apps will further fuel the industry's need for strong, reliable, and secure hosting infrastructure. To better manage IT, having a hybrid cloud computing is also worth considering.

Apart from hosting websites and mobile banking apps, a strong hosting infrastructure designed for banks and other financial institutions will enable clients to manage and mitigate risks effectively.

Plus, across the entire organization, it will modernize strategies against financial crime, facilitate real-time payments, and empower their employees via seamless internal collaboration, communication, instruction, and development.

3. Retail/ E Commerce

More people are purchasing items and services online via retail websites and mobile eCommerce apps. Modern customers love the convenience and speed. On top of that, many consumers believe they get better deals when buying online, as opposed to purchasing them from an actual store. 

Many retail brands and eCommerce stores have also heavily invested in improving data security and enhancing customer experience, which contributes to the growing popularity of online shopping and mobile commerce.

If projections are correct, this market will continue to grow significantly in the near and foreseeable future. Currently, there are 268 million digital buyers in the United States. Statista predicts that the number will balloon to 282.7 million by 2024. While that growth rate is a measly increase of 1.5%, that figure is roughly over 86% of the total US population. It's the same story across the world.

As online shopping and mobile commerce become permanent fixtures in the future, the value of web hosting to retail and eCommerce companies grows exponentially. Along with such development, the web hosting industry needs to continually improve to meet the demands of its retail and eCommerce clients and their customers. 

4. Cybersecurity

Many small to medium-sized enterprises prefer to run in-house cybersecurity systems or have some sort of cybersecurity package included with their web hosting solution.

But for many business organizations, especially in the corporate world, contracting the services of third-party cybersecurity firms is the way to go. And that practice is getting traction, as evidenced by the growing value of the cybersecurity market.

Cybersecurity firms require reliable and top-grade hosting services to fulfill their roles and deliver high-quality cybersecurity services to their clients.

Among the services they offer that depend heavily on strong web hosting include real-time infrastructure monitoring and tracking, threat detection, penetration testing, device/access management, vulnerability analysis, malware/ransomware detection, and more.

These are also among the things you should watch out for when choosing a web hosting provider.

According to a 2019 cybersecurity report, the industry was valued at $118.78 billion back in 2018. Projections estimated that the cybersecurity market will be worth $267.73 billion by the end of 2024.

Attributed to this expected growth is the ever-increasing incidents of cyberattacks such as hacking, phishing, malware, and ransomware. Compliance with data security and other regulations is also a major driving factor.

5. Healthcare Services

Hospitals, clinics, and other medical/healthcare institutions benefit greatly from web hosting services, particularly in this modern age. The new age healthcare analytical systems that tweaks the healthcare practices to next level owe a lot to efficienct sever support systems. 

Doctors and nurses constantly look at their patients' information via special apps to perform a plethora of tasks like scheduling medical tests for patients, introducing new treatments, adjusting drug dosage, and tracking test results and progress.

Hospital management personnel rely on electronic medical records (EMRs) to create patient profiles, update information on existing patients, keep track of receivables, and manage critical data such as insurance, medical history, and recommendations from physicians.

Administrative processes such as accounting, inventory management, and project management are all stored in a single, centralized location. Meanwhile, this list of remote support software provides options for businesses looking to offer support off-location for processes like software updates, maintenance or diagnostics, among others.

Without reliable and secure web server hosting, hospitals and other medical institutions and facilities won't be able to operate at an optimal level and achieve/maintain profitability at the same time.

Web Server Hosting Is Here To Stay

It's hard to picture a future where web server hosting doesn't exist. It doesn't only provide the fuel for many enterprise organizations' operations; it is embedded in how people live.

Every day, people check their emails to know what's up or gloss over social media for information or entertainment. Every now and then, a customer purchases something via an online marketplace.

Employees glance at their mobile devices to know their tasks or review their instructions for the day. Small business owners look at web hosting comparison as they shop for a web hosting services provider.

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